- TRX price jumps 12%, reaching $0.1594, a peak since April 2021.
- The surge is driven by SunPump’s launch, attracting over 18,000 memecoins.
- TRON’s market cap hits $13.89 billion, positioning it as the 11th largest cryptocurrency.
TRX has experienced a significant price increase of 12% in the last day, reaching $0.1594. This rise marks a high not seen since April 2021, fueled by the launch of SunPump, TRON’s new memecoin platform.
The heightened trading volume and market capitalization reflect strong investor interest.
TRON’s TRX Price Surge: SunPump Launch and Memecoin Mania Drive Uptrend
SunPump’s debut has led to the creation of over 18,000 memecoins, generating roughly $1.12 million in TRX revenue. This has contributed to a dramatic rise in transaction volume and daily active addresses on the TRON network, signaling a robust uptick in network activity.
The successful launch of SunPump, which has already seen over 18,000 memecoins created, has generated approximately $1.12 million in TRX revenue. This influx of activity has led to a notable increase in transaction volume, up by over 1045%, and a rise in daily active addresses by more than 10%.
TRON’s market capitalization has now reached $13.89 billion, securing its place as the 11th largest cryptocurrency. This climb was aided by Justin Sun’s strategic moves to attract meme coin communities, further driving up TRX’s value and market presence.
As TRX continues to gain momentum, its technical indicators suggest a potential bull run could be on the horizon. The token’s entry into the top 10 cryptocurrencies and its strong performance on the weekly chart reflect a bullish sentiment among investors.
TRX’s impressive 12% surge, driven by SunPump’s success and growing memecoin interest, marks a pivotal moment for TRON. The token’s ascent in market capitalization and trading activity underscores a promising outlook.
“TRX, the native token of the TRON blockchain, has jumped 12% over the past day, making it the top gainer in the crypto market.”
